Quad/Graphics, Inc. (QUAD) 10-Year Financial Performance & Capital Metrics

QUAD • • Industrial / General

IndustrialsBusiness ServicesPrinting & Communications ServicesCommercial Printing & Publishing

AboutQuad/Graphics, Inc. provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services. The company also provides marketing and other services, including consumer insights, audience targeting, personalization, media planning and placement, process optimization, campaign planning and creation, pre-media production, videography, photography, digital and print execution, and logistics, as well as manufactures ink. It serves blue chip companies that operate in various industries, and serve businesses and consumers comprising retailers, publishers, and direct marketers. The company was founded in 1971 and is headquartered in Sussex, Wisconsin.Show more

Revenue $2.67B -9.7%
EBITDA $230M +0.9%
Net Income -$51M +8.1%
EPS (Diluted) -1.07 +6.1%
Gross Margin 17.99% +18.0%
EBITDA Margin 8.59% +11.7%
Operating Margin 4.76% +42.4%
Net Margin -1.9% -1.7%
ROE -60.09% -58.6%
ROIC 16.2% +69.7%
Debt/Equity 9.31 +77.9%
Interest Coverage 1.97 +39.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Healthy dividend yield of 3.1%
✓Efficient asset utilization: 2.1x turnover

✗Weaknesses

✗High debt to equity ratio of 9.3x
✗Sales declining 7.4% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.81%

5Y-7.39%

3Y-3.36%

TTM-9.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM126.55%

EPS CAGR

10Y-

5Y-

3Y-

TTM124.85%

ROCE

10Y Avg10.43%

5Y Avg11.28%

3Y Avg14.11%

Latest19.27%

Peer Comparison

Commercial Printing & Publishing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KODKEastman Kodak Company	715.29M	7.42	8.24	-6.62%	0.57%	0.7%		0.58
SFHGSamfine Creation Holdings Group Limited	8.69M	0.77	-5.92	30.89%	-1.73%	-5.57%		0.33
QUADQuad/Graphics, Inc.	241.52M	6.42	-6	-9.65%	0.82%	21.3%	23.06%	9.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4.68B	4.33B	4.13B	4.19B	3.92B	2.93B	2.96B	3.22B	2.96B	2.67B
Revenue Growth %	-0.04%	-0.07%	-0.05%	0.02%	-0.06%	-0.25%	0.01%	0.09%	-0.08%	-0.1%
Cost of Goods Sold+	4B	3.66B	3.48B	3.43B	3.4B	2.51B	2.54B	2.76B	2.51B	2.19B
COGS % of Revenue	0.85%	0.85%	0.84%	0.82%	0.87%	0.86%	0.86%	0.86%	0.85%	0.82%
Gross Profit+	601.8M	666.9M	648.5M	553.1M	525.3M	416.2M	416.3M	460.2M	450.8M	480.7M
Gross Margin %	0.13%	0.15%	0.16%	0.13%	0.13%	0.14%	0.14%	0.14%	0.15%	0.18%
Gross Profit Growth %	-0.07%	0.11%	-0.03%	-0.15%	-0.05%	-0.21%	0%	0.11%	-0.02%	0.07%
Operating Expenses+	457.2M	457.9M	432.8M	360.9M	402.4M	333.9M	326.2M	359.8M	352M	353.6M
OpEx % of Revenue	0.1%	0.11%	0.1%	0.09%	0.1%	0.11%	0.11%	0.11%	0.12%	0.13%
Selling, General & Admin	446.9M	448.6M	423.8M	357.3M	398.8M	330.9M	323.1M	356.5M	348.9M	350.4M
SG&A % of Revenue	0.1%	0.1%	0.1%	0.09%	0.1%	0.11%	0.11%	0.11%	0.12%	0.13%
Research & Development	10.3M	9.3M	9M	3.6M	3.6M	3M	3.1M	3.3M	3.1M	3.2M
R&D % of Revenue	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	144.6M	209M	215.7M	192.2M	122.9M	82.3M	90.1M	100.4M	98.8M	127.1M
Operating Margin %	0.03%	0.05%	0.05%	0.05%	0.03%	0.03%	0.03%	0.03%	0.03%	0.05%
Operating Income Growth %	-0.31%	0.45%	0.03%	-0.11%	-0.36%	-0.33%	0.09%	0.11%	-0.02%	0.29%
EBITDA+	469.9M	486.1M	448.2M	407.1M	332.4M	263.9M	247.4M	241.7M	227.6M	229.6M
EBITDA Margin %	0.1%	0.11%	0.11%	0.1%	0.08%	0.09%	0.08%	0.08%	0.08%	0.09%
EBITDA Growth %	-0.14%	0.03%	-0.08%	-0.09%	-0.18%	-0.21%	-0.06%	-0.02%	-0.06%	0.01%
D&A (Non-Cash Add-back)	325.3M	277.1M	232.5M	214.9M	209.5M	181.6M	157.3M	141.3M	128.8M	102.5M
EBIT	-830M	136.5M	162.3M	99.9M	9.4M	-31.2M	108.8M	71.7M	21.8M	18.5M
Net Interest Income+	-88.4M	-77.2M	-70.9M	-73.2M	-90M	-68.8M	-59.6M	-48.4M	-70M	-64.5M
Interest Income	0	0	200K	0	0	0	0	0	0	0
Interest Expense	88.4M	77.2M	71.1M	73.3M	90M	68.8M	59.6M	48.4M	70M	64.5M
Other Income/Expense	-1.07B	-151.1M	-124.5M	-164.7M	-203M	-188.6M	-42.8M	-82.7M	-141.4M	-171.6M
Pretax Income+	-924.7M	57.9M	91.2M	27.5M	-80.1M	-106.3M	47.3M	17.7M	-42.6M	-44.5M
Pretax Margin %	-0.2%	0.01%	0.02%	0.01%	-0.02%	-0.04%	0.02%	0.01%	-0.01%	-0.02%
Income Tax+	-282.8M	13M	-16M	-9.8M	-24.4M	300K	9.5M	8.4M	12.8M	6.4M
Effective Tax Rate %	0.69%	0.78%	1.18%	0.31%	0.69%	1.21%	0.8%	0.53%	1.3%	1.14%
Net Income+	-641.9M	44.9M	107.2M	8.5M	-55.4M	-128.3M	37.8M	9.3M	-55.4M	-50.9M
Net Margin %	-0.14%	0.01%	0.03%	0%	-0.01%	-0.04%	0.01%	0%	-0.02%	-0.02%
Net Income Growth %	-35.51%	1.07%	1.39%	-0.92%	-7.52%	-1.32%	1.29%	-0.75%	-6.96%	0.08%
Net Income (Continuing)	-641.9M	44.9M	118.1M	29.9M	-55.4M	-106.6M	37.8M	9.3M	-55.4M	-50.9M
Discontinued Operations	0	0	0	0	-100.6M	-21.9M	0	0	0	0
Minority Interest	0	0	0	17.7M	17.7M	700K	0	0	0	0
EPS (Diluted)+	-13.40	0.90	2.07	0.16	-1.11	-2.53	0.71	0.18	-1.14	-1.07
EPS Growth %	-36.26%	1.07%	1.3%	-0.92%	-7.94%	-1.28%	1.28%	-0.75%	-7.33%	0.06%
EPS (Basic)	-13.40	0.94	2.16	0.17	-1.11	-2.53	0.74	0.18	-1.14	-1.07
Diluted Shares Outstanding	47.9M	49.8M	51.8M	51.6M	50M	50.6M	53M	52.5M	48.4M	47.6M
Basic Shares Outstanding	47.9M	47.9M	49.6M	49.8M	50M	50.6M	51.3M	50.7M	48.4M	47.6M
Dividend Payout Ratio	-	1.36%	0.58%	7.4%	-	-	0.04%	0.15%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	991.3M	902.6M	908.5M	946.6M	910.9M	679.2M	809.1M	704.5M	587.7M	534.3M
Cash & Short-Term Investments	10.8M	9M	64.3M	69.5M	78.7M	55.2M	179.9M	25.2M	52.9M	29.2M
Cash Only	10.8M	9M	64.3M	69.5M	78.7M	55.2M	179.9M	25.2M	52.9M	29.2M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	648.7M	563.6M	552.5M	497.6M	456.1M	399.1M	362M	372.6M	316.2M	273.2M
Days Sales Outstanding	50.62	47.51	48.81	43.31	42.43	49.72	44.63	42.28	39.02	37.32
Inventory	280.1M	265.4M	246.5M	300.6M	210.5M	170.2M	226.2M	260.7M	178.8M	162.4M
Days Inventory Outstanding	25.59	26.45	25.83	31.96	22.61	24.72	32.45	34.52	26.03	27.05
Other Current Assets	19.8M	15.4M	2.1M	55.3M	115.9M	0	0	46M	39.8M	69.5M
Total Non-Current Assets+	1.86B	1.67B	1.54B	1.52B	1.51B	1.25B	1.08B	997.3M	922M	764.7M
Property, Plant & Equipment	1.68B	1.52B	1.38B	1.26B	1.13B	965.2M	852.7M	783.2M	717.2M	578.6M
Fixed Asset Turnover	2.79x	2.85x	3.00x	3.34x	3.46x	3.04x	3.47x	4.11x	4.12x	4.62x
Goodwill	0	0	0	54.6M	103M	103M	86.4M	86.4M	103M	100.3M
Intangible Assets	110.5M	59.7M	43.4M	112.6M	137.2M	104.3M	75.3M	46.9M	21.8M	7.2M
Long-Term Investments	4.4M	3.6M	3.6M	4M	3.6M	2.6M	-11.8M	0	0	0
Other Non-Current Assets	6.5M	49M	77.4M	61.8M	125.2M	73.4M	66.5M	71.5M	80M	78.6M
Total Assets+	2.85B	2.57B	2.45B	2.47B	2.42B	1.93B	1.89B	1.7B	1.51B	1.3B
Asset Turnover	1.64x	1.68x	1.68x	1.70x	1.62x	1.52x	1.57x	1.89x	1.96x	2.06x
Asset Growth %	-0.3%	-0.1%	-0.05%	0.01%	-0.02%	-0.2%	-0.02%	-0.1%	-0.11%	-0.14%
Total Current Liabilities+	807.4M	774.6M	745.9M	851.3M	813.4M	682.7M	957.1M	795.4M	790.8M	698.7M
Accounts Payable	358.8M	323.5M	381.6M	496.3M	416.7M	320M	367.3M	456.6M	373.6M	356.7M
Days Payables Outstanding	32.78	32.24	39.99	52.77	44.76	46.47	52.7	60.45	54.4	59.41
Short-Term Debt	94.6M	84.7M	42M	42.9M	77.9M	20.7M	245.6M	89.7M	151.7M	28M
Deferred Revenue (Current)	-1000K	-1000K	-1000K	-1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	183.3M	164.7M	164.6M	184.7M	276M	229M	119.1M	167M	181.7M	129.6M
Current Ratio	1.23x	1.17x	1.22x	1.11x	1.12x	0.99x	0.85x	0.89x	0.74x	0.76x
Quick Ratio	0.88x	0.82x	0.89x	0.76x	0.86x	0.75x	0.61x	0.56x	0.52x	0.53x
Cash Conversion Cycle	43.43	41.72	34.65	22.5	20.28	27.97	24.39	16.34	10.66	4.96
Total Non-Current Liabilities+	1.62B	1.35B	1.18B	1.16B	1.36B	1.16B	796.1M	733.5M	599.4M	550.4M
Long-Term Debt	1.25B	1.02B	903.5M	882.6M	1.06B	902.7M	554.9M	506.7M	362.5M	349.1M
Capital Lease Obligations	9.7M	18.9M	13.7M	10.3M	76.4M	56.5M	101.2M	88.7M	83.2M	62.6M
Deferred Tax Liabilities	59M	35.3M	41.9M	32.1M	2.8M	4.2M	11.9M	9.3M	5.1M	3.2M
Other Non-Current Liabilities	300.5M	315.3M	225M	232.6M	221.7M	194.2M	126M	127.6M	147.7M	135.4M
Total Liabilities	2.42B	2.13B	1.93B	2.01B	2.17B	1.84B	1.75B	1.53B	1.39B	1.25B
Total Debt+	1.36B	1.14B	964.8M	940.9M	1.25B	1.01B	931.6M	713.7M	625.3M	464.6M
Net Debt	1.35B	1.13B	900.5M	871.4M	1.17B	955.9M	751.7M	688.5M	572.4M	435.4M
Debt / Equity	3.20x	2.57x	1.85x	2.04x	5.12x	11.92x	6.81x	4.13x	5.23x	9.31x
Debt / EBITDA	2.89x	2.34x	2.15x	2.31x	3.76x	3.83x	3.77x	2.95x	2.75x	2.02x
Net Debt / EBITDA	2.86x	2.32x	2.01x	2.14x	3.53x	3.62x	3.04x	2.85x	2.51x	1.90x
Interest Coverage	1.64x	2.71x	3.03x	2.62x	1.37x	1.20x	1.51x	2.07x	1.41x	1.97x
Total Equity+	423.9M	441.5M	522.4M	460.2M	244.3M	84.8M	136.8M	172.9M	119.5M	49.9M
Equity Growth %	-0.63%	0.04%	0.18%	-0.12%	-0.47%	-0.65%	0.61%	0.26%	-0.31%	-0.58%
Book Value per Share	8.85	8.87	10.08	8.92	4.89	1.68	2.58	3.29	2.47	1.05
Total Shareholders' Equity	423.9M	441.5M	522.4M	442.5M	226.6M	84.1M	136.8M	172.9M	119.5M	49.9M
Common Stock	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M
Retained Earnings	-188.1M	-206.4M	-162.9M	-211.4M	-423.5M	-566M	-527.8M	-518.5M	-573.9M	-635.1M
Treasury Stock	-193.6M	-113.3M	-52.8M	-56.6M	-31.5M	-13.1M	-14.9M	-23.5M	-33.1M	-28M
Accumulated OCI	-152.5M	-152.6M	-124.4M	-152.2M	-167.2M	-171.3M	-161.2M	-128.3M	-117.6M	-131.2M
Minority Interest	0	0	0	17.7M	17.7M	700K	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	348.1M	352.5M	344M	260.6M	155.5M	190.2M	136.5M	154.6M	147.6M	112.9M
Operating CF Margin %	0.07%	0.08%	0.08%	0.06%	0.04%	0.06%	0.05%	0.05%	0.05%	0.04%
Operating CF Growth %	0.19%	0.01%	-0.02%	-0.24%	-0.4%	0.22%	-0.28%	0.13%	-0.05%	-0.24%
Net Income	-641.9M	44.9M	107.2M	7.9M	-156.3M	-128.3M	37.8M	9.3M	-55.4M	-50.9M
Depreciation & Amortization	325.3M	277.1M	232.5M	230.7M	223.1M	184.2M	157.3M	141.3M	128.8M	102.5M
Stock-Based Compensation	7.2M	15.2M	16.4M	15.6M	13.6M	10.6M	6.2M	6M	5.6M	7.3M
Deferred Taxes	-292.5M	-26.6M	-22.5M	-14.5M	-57.1M	0	5.3M	2.4M	-3.7M	-2M
Other Non-Cash Items	916.2M	16.3M	14.7M	15.2M	128.7M	32.4M	-46.8M	25.2M	16.3M	49.9M
Working Capital Changes	33.8M	25.6M	-4.3M	5.7M	3.5M	91.3M	-23.3M	-29.6M	56M	6.1M
Change in Receivables	109.6M	84.8M	8.7M	49.4M	57.1M	72.8M	12.7M	-18.6M	65M	14.8M
Change in Inventory	24.6M	12.7M	13.1M	-54.3M	61.3M	45.8M	-58.3M	-41.1M	90.3M	2.4M
Change in Payables	-60.5M	-16.1M	9.9M	24.9M	-96.1M	0	0	0	-106.7M	7.2M
Cash from Investing+	-216.7M	-84.4M	-37.3M	-120.5M	-208.1M	9.7M	129.4M	-60.5M	-46.4M	12.7M
Capital Expenditures	-133M	-106.1M	-85.9M	-96.3M	-111M	-61M	-50M	-60.3M	-70.8M	-57.2M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	17.7M	4.4M	34.5M	47.2M	12.8M	72.9M	141.1M	5.7M	25.9M	51.8M
Cash from Financing+	-127.9M	-269.3M	-251.7M	-133.5M	61.8M	-223.6M	-140.9M	-248.7M	-73.6M	-149.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-62.3M	-61.1M	-62.5M	-62.9M	-57.1M	-9.5M	-1.4M	-1.4M	-100K	-9.4M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.3M	-1.8M	-12.4M	-9M	-32.1M	-27.7M	-17.5M	-3.1M	-2.3M	-4.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	215.1M	246.4M	258.1M	164.3M	44.5M	129.2M	86.5M	94.3M	76.8M	55.7M
FCF Margin %	0.05%	0.06%	0.06%	0.04%	0.01%	0.04%	0.03%	0.03%	0.03%	0.02%
FCF Growth %	0.4%	0.15%	0.05%	-0.36%	-0.73%	1.9%	-0.33%	0.09%	-0.19%	-0.27%
FCF per Share	4.49	4.95	4.98	3.18	0.89	2.55	1.63	1.80	1.59	1.17
FCF Conversion (FCF/Net Income)	-0.54x	7.85x	3.21x	30.66x	-2.81x	-1.48x	3.61x	16.62x	-2.66x	-2.22x
Interest Paid	0	0	0	0	0	52.3M	41.8M	44M	55.9M	0
Taxes Paid	0	0	0	0	0	0	4.3M	6.2M	12.2M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-81.44%	10.38%	22.24%	1.73%	-15.73%	-77.97%	34.12%	6.01%	-37.89%	-60.09%
Return on Invested Capital (ROIC)	4.99%	9.39%	10.82%	10.47%	6.71%	5.02%	7.01%	8.61%	9.54%	16.2%
Gross Margin	12.87%	15.4%	15.7%	13.19%	13.39%	14.21%	14.06%	14.31%	15.24%	17.99%
Net Margin	-13.72%	1.04%	2.59%	0.2%	-1.41%	-4.38%	1.28%	0.29%	-1.87%	-1.9%
Debt / Equity	3.20x	2.57x	1.85x	2.04x	5.12x	11.92x	6.81x	4.13x	5.23x	9.31x
Interest Coverage	1.64x	2.71x	3.03x	2.62x	1.37x	1.20x	1.51x	2.07x	1.41x	1.97x
FCF Conversion	-0.54x	7.85x	3.21x	30.66x	-2.81x	-1.48x	3.61x	16.62x	-2.66x	-2.22x
Revenue Growth	-3.8%	-7.44%	-4.58%	1.51%	-6.45%	-25.33%	1.05%	8.67%	-8.06%	-9.65%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Products	-	-	-	-	-	-	-	-	2.33B	2.1B
Total Products Growth	-	-	-	-	-	-	-	-	-	-10.06%
Direct Mail And Other Printed Products	-	-	-	-	-	-	-	-	673.4M	609.5M
Direct Mail And Other Printed Products Growth	-	-	-	-	-	-	-	-	-	-9.49%
Logistic Services	-	-	-	-	-	-	-	-	270.5M	264.1M
Logistic Services Growth	-	-	-	-	-	-	-	-	-	-2.37%
Other Revenues	-	-	-	-	-	-	-	-	8.5M	10.4M
Other Revenues Growth	-	-	-	-	-	-	-	-	-	22.35%
Product	-	-	-	-	-	2.23B	2.25B	2.53B	-	-
Product Growth	-	-	-	-	-	-	0.83%	12.51%	-	-
Service	-	-	-	-	-	700.9M	713.3M	688.7M	-	-
Service Growth	-	-	-	-	-	-	1.77%	-3.45%	-	-
United States Print and Related Services	-	-	-	3.81B	3.52B	-	-	-	-	-
United States Print and Related Services Growth	-	-	-	-	-7.50%	-	-	-	-	-
Operatings	-	-	-	801.4M	825.1M	-	-	-	-	-
Operatings Growth	-	-	-	-	2.96%	-	-	-	-	-
International	-	-	-	387.1M	402.4M	-	-	-	-	-
International Growth	-	-	-	-	3.95%	-	-	-	-	-
Catalog, magazines, retail inserts, books and directories	3.32B	2.98B	2.82B	-	-	-	-	-	-	-
Catalog, magazines, retail inserts, books and directories Growth	-	-10.13%	-5.33%	-	-	-	-	-	-	-
Direct Mail and Other Printed Products	650.4M	676.9M	646.8M	-	-	-	-	-	-	-
Direct Mail and Other Printed Products Growth	-	4.07%	-4.45%	-	-	-	-	-	-	-
Logistics Services	453.7M	427.3M	418.1M	-	-	-	-	-	-	-
Logistics Services Growth	-	-5.82%	-2.15%	-	-	-	-	-	-	-
Imaging and Other Services	193.7M	185.1M	184.3M	-	-	-	-	-	-	-
Imaging and Other Services Growth	-	-4.44%	-0.43%	-	-	-	-	-	-	-
Other Products	59.9M	56.6M	57.5M	-	-	-	-	-	-	-
Other Products Growth	-	-5.51%	1.59%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
International	-	-	-	-	-	-	-	-	403.4M	342.7M
International Growth	-	-	-	-	-	-	-	-	-	-15.05%
UNITED STATES	-	-	-	782.8M	807.7M	683.6M	692.8M	668.1M	-	-
UNITED STATES Growth	-	-	-	-	3.18%	-15.36%	1.35%	-3.57%	-	-
Europe	-	-	-	18.6M	17.4M	17.3M	20.5M	20.6M	-	-
Europe Growth	-	-	-	-	-6.45%	-0.57%	18.50%	0.49%	-	-
Latin America	219.1M	217.4M	209.3M	-	-	-	-	-	-	-
Latin America Growth	-	-0.78%	-3.73%	-	-	-	-	-	-	-
Other Geographic Regions	25.9M	30.8M	30.9M	-	-	-	-	-	-	-
Other Geographic Regions Growth	-	18.92%	0.32%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Quad/Graphics, Inc. (QUAD) reported $2.50B in revenue for fiscal year 2024. This represents a 42% decrease from $4.32B in 2011.

Quad/Graphics, Inc. (QUAD) saw revenue decline by 9.7% over the past year.

Yes, Quad/Graphics, Inc. (QUAD) is profitable, generating $20.6M in net income for fiscal year 2024 (-1.9% net margin).

Dividend & Returns

Yes, Quad/Graphics, Inc. (QUAD) pays a dividend with a yield of 3.08%. This makes it attractive for income-focused investors.

Quad/Graphics, Inc. (QUAD) has a return on equity (ROE) of -60.1%. Negative ROE indicates the company is unprofitable.

Quad/Graphics, Inc. (QUAD) generated $60.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Quad/Graphics, Inc. (QUAD) 10-Year Financial Performance & Capital Metrics

QUAD • • Industrial / General

IndustrialsBusiness ServicesPrinting & Communications ServicesCommercial Printing & Publishing

Revenue $2.67B -9.7%
EBITDA $230M +0.9%
Net Income -$51M +8.1%
EPS (Diluted) -1.07 +6.1%
Gross Margin 17.99% +18.0%
EBITDA Margin 8.59% +11.7%
Operating Margin 4.76% +42.4%
Net Margin -1.9% -1.7%
ROE -60.09% -58.6%
ROIC 16.2% +69.7%
Debt/Equity 9.31 +77.9%
Interest Coverage 1.97 +39.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Healthy dividend yield of 3.1%
✓Efficient asset utilization: 2.1x turnover

✗Weaknesses

✗High debt to equity ratio of 9.3x
✗Sales declining 7.4% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.81%

5Y-7.39%

3Y-3.36%

TTM-9.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM126.55%

EPS CAGR

10Y-

5Y-

3Y-

TTM124.85%

ROCE

10Y Avg10.43%

5Y Avg11.28%

3Y Avg14.11%

Latest19.27%

Peer Comparison

Commercial Printing & Publishing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KODKEastman Kodak Company	715.29M	7.42	8.24	-6.62%	0.57%	0.7%		0.58
SFHGSamfine Creation Holdings Group Limited	8.69M	0.77	-5.92	30.89%	-1.73%	-5.57%		0.33
QUADQuad/Graphics, Inc.	241.52M	6.42	-6	-9.65%	0.82%	21.3%	23.06%	9.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4.68B	4.33B	4.13B	4.19B	3.92B	2.93B	2.96B	3.22B	2.96B	2.67B
Revenue Growth %	-0.04%	-0.07%	-0.05%	0.02%	-0.06%	-0.25%	0.01%	0.09%	-0.08%	-0.1%
Cost of Goods Sold+	4B	3.66B	3.48B	3.43B	3.4B	2.51B	2.54B	2.76B	2.51B	2.19B
COGS % of Revenue	0.85%	0.85%	0.84%	0.82%	0.87%	0.86%	0.86%	0.86%	0.85%	0.82%
Gross Profit+	601.8M	666.9M	648.5M	553.1M	525.3M	416.2M	416.3M	460.2M	450.8M	480.7M
Gross Margin %	0.13%	0.15%	0.16%	0.13%	0.13%	0.14%	0.14%	0.14%	0.15%	0.18%
Gross Profit Growth %	-0.07%	0.11%	-0.03%	-0.15%	-0.05%	-0.21%	0%	0.11%	-0.02%	0.07%
Operating Expenses+	457.2M	457.9M	432.8M	360.9M	402.4M	333.9M	326.2M	359.8M	352M	353.6M
OpEx % of Revenue	0.1%	0.11%	0.1%	0.09%	0.1%	0.11%	0.11%	0.11%	0.12%	0.13%
Selling, General & Admin	446.9M	448.6M	423.8M	357.3M	398.8M	330.9M	323.1M	356.5M	348.9M	350.4M
SG&A % of Revenue	0.1%	0.1%	0.1%	0.09%	0.1%	0.11%	0.11%	0.11%	0.12%	0.13%
Research & Development	10.3M	9.3M	9M	3.6M	3.6M	3M	3.1M	3.3M	3.1M	3.2M
R&D % of Revenue	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	144.6M	209M	215.7M	192.2M	122.9M	82.3M	90.1M	100.4M	98.8M	127.1M
Operating Margin %	0.03%	0.05%	0.05%	0.05%	0.03%	0.03%	0.03%	0.03%	0.03%	0.05%
Operating Income Growth %	-0.31%	0.45%	0.03%	-0.11%	-0.36%	-0.33%	0.09%	0.11%	-0.02%	0.29%
EBITDA+	469.9M	486.1M	448.2M	407.1M	332.4M	263.9M	247.4M	241.7M	227.6M	229.6M
EBITDA Margin %	0.1%	0.11%	0.11%	0.1%	0.08%	0.09%	0.08%	0.08%	0.08%	0.09%
EBITDA Growth %	-0.14%	0.03%	-0.08%	-0.09%	-0.18%	-0.21%	-0.06%	-0.02%	-0.06%	0.01%
D&A (Non-Cash Add-back)	325.3M	277.1M	232.5M	214.9M	209.5M	181.6M	157.3M	141.3M	128.8M	102.5M
EBIT	-830M	136.5M	162.3M	99.9M	9.4M	-31.2M	108.8M	71.7M	21.8M	18.5M
Net Interest Income+	-88.4M	-77.2M	-70.9M	-73.2M	-90M	-68.8M	-59.6M	-48.4M	-70M	-64.5M
Interest Income	0	0	200K	0	0	0	0	0	0	0
Interest Expense	88.4M	77.2M	71.1M	73.3M	90M	68.8M	59.6M	48.4M	70M	64.5M
Other Income/Expense	-1.07B	-151.1M	-124.5M	-164.7M	-203M	-188.6M	-42.8M	-82.7M	-141.4M	-171.6M
Pretax Income+	-924.7M	57.9M	91.2M	27.5M	-80.1M	-106.3M	47.3M	17.7M	-42.6M	-44.5M
Pretax Margin %	-0.2%	0.01%	0.02%	0.01%	-0.02%	-0.04%	0.02%	0.01%	-0.01%	-0.02%
Income Tax+	-282.8M	13M	-16M	-9.8M	-24.4M	300K	9.5M	8.4M	12.8M	6.4M
Effective Tax Rate %	0.69%	0.78%	1.18%	0.31%	0.69%	1.21%	0.8%	0.53%	1.3%	1.14%
Net Income+	-641.9M	44.9M	107.2M	8.5M	-55.4M	-128.3M	37.8M	9.3M	-55.4M	-50.9M
Net Margin %	-0.14%	0.01%	0.03%	0%	-0.01%	-0.04%	0.01%	0%	-0.02%	-0.02%
Net Income Growth %	-35.51%	1.07%	1.39%	-0.92%	-7.52%	-1.32%	1.29%	-0.75%	-6.96%	0.08%
Net Income (Continuing)	-641.9M	44.9M	118.1M	29.9M	-55.4M	-106.6M	37.8M	9.3M	-55.4M	-50.9M
Discontinued Operations	0	0	0	0	-100.6M	-21.9M	0	0	0	0
Minority Interest	0	0	0	17.7M	17.7M	700K	0	0	0	0
EPS (Diluted)+	-13.40	0.90	2.07	0.16	-1.11	-2.53	0.71	0.18	-1.14	-1.07
EPS Growth %	-36.26%	1.07%	1.3%	-0.92%	-7.94%	-1.28%	1.28%	-0.75%	-7.33%	0.06%
EPS (Basic)	-13.40	0.94	2.16	0.17	-1.11	-2.53	0.74	0.18	-1.14	-1.07
Diluted Shares Outstanding	47.9M	49.8M	51.8M	51.6M	50M	50.6M	53M	52.5M	48.4M	47.6M
Basic Shares Outstanding	47.9M	47.9M	49.6M	49.8M	50M	50.6M	51.3M	50.7M	48.4M	47.6M
Dividend Payout Ratio	-	1.36%	0.58%	7.4%	-	-	0.04%	0.15%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	991.3M	902.6M	908.5M	946.6M	910.9M	679.2M	809.1M	704.5M	587.7M	534.3M
Cash & Short-Term Investments	10.8M	9M	64.3M	69.5M	78.7M	55.2M	179.9M	25.2M	52.9M	29.2M
Cash Only	10.8M	9M	64.3M	69.5M	78.7M	55.2M	179.9M	25.2M	52.9M	29.2M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	648.7M	563.6M	552.5M	497.6M	456.1M	399.1M	362M	372.6M	316.2M	273.2M
Days Sales Outstanding	50.62	47.51	48.81	43.31	42.43	49.72	44.63	42.28	39.02	37.32
Inventory	280.1M	265.4M	246.5M	300.6M	210.5M	170.2M	226.2M	260.7M	178.8M	162.4M
Days Inventory Outstanding	25.59	26.45	25.83	31.96	22.61	24.72	32.45	34.52	26.03	27.05
Other Current Assets	19.8M	15.4M	2.1M	55.3M	115.9M	0	0	46M	39.8M	69.5M
Total Non-Current Assets+	1.86B	1.67B	1.54B	1.52B	1.51B	1.25B	1.08B	997.3M	922M	764.7M
Property, Plant & Equipment	1.68B	1.52B	1.38B	1.26B	1.13B	965.2M	852.7M	783.2M	717.2M	578.6M
Fixed Asset Turnover	2.79x	2.85x	3.00x	3.34x	3.46x	3.04x	3.47x	4.11x	4.12x	4.62x
Goodwill	0	0	0	54.6M	103M	103M	86.4M	86.4M	103M	100.3M
Intangible Assets	110.5M	59.7M	43.4M	112.6M	137.2M	104.3M	75.3M	46.9M	21.8M	7.2M
Long-Term Investments	4.4M	3.6M	3.6M	4M	3.6M	2.6M	-11.8M	0	0	0
Other Non-Current Assets	6.5M	49M	77.4M	61.8M	125.2M	73.4M	66.5M	71.5M	80M	78.6M
Total Assets+	2.85B	2.57B	2.45B	2.47B	2.42B	1.93B	1.89B	1.7B	1.51B	1.3B
Asset Turnover	1.64x	1.68x	1.68x	1.70x	1.62x	1.52x	1.57x	1.89x	1.96x	2.06x
Asset Growth %	-0.3%	-0.1%	-0.05%	0.01%	-0.02%	-0.2%	-0.02%	-0.1%	-0.11%	-0.14%
Total Current Liabilities+	807.4M	774.6M	745.9M	851.3M	813.4M	682.7M	957.1M	795.4M	790.8M	698.7M
Accounts Payable	358.8M	323.5M	381.6M	496.3M	416.7M	320M	367.3M	456.6M	373.6M	356.7M
Days Payables Outstanding	32.78	32.24	39.99	52.77	44.76	46.47	52.7	60.45	54.4	59.41
Short-Term Debt	94.6M	84.7M	42M	42.9M	77.9M	20.7M	245.6M	89.7M	151.7M	28M
Deferred Revenue (Current)	-1000K	-1000K	-1000K	-1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	183.3M	164.7M	164.6M	184.7M	276M	229M	119.1M	167M	181.7M	129.6M
Current Ratio	1.23x	1.17x	1.22x	1.11x	1.12x	0.99x	0.85x	0.89x	0.74x	0.76x
Quick Ratio	0.88x	0.82x	0.89x	0.76x	0.86x	0.75x	0.61x	0.56x	0.52x	0.53x
Cash Conversion Cycle	43.43	41.72	34.65	22.5	20.28	27.97	24.39	16.34	10.66	4.96
Total Non-Current Liabilities+	1.62B	1.35B	1.18B	1.16B	1.36B	1.16B	796.1M	733.5M	599.4M	550.4M
Long-Term Debt	1.25B	1.02B	903.5M	882.6M	1.06B	902.7M	554.9M	506.7M	362.5M	349.1M
Capital Lease Obligations	9.7M	18.9M	13.7M	10.3M	76.4M	56.5M	101.2M	88.7M	83.2M	62.6M
Deferred Tax Liabilities	59M	35.3M	41.9M	32.1M	2.8M	4.2M	11.9M	9.3M	5.1M	3.2M
Other Non-Current Liabilities	300.5M	315.3M	225M	232.6M	221.7M	194.2M	126M	127.6M	147.7M	135.4M
Total Liabilities	2.42B	2.13B	1.93B	2.01B	2.17B	1.84B	1.75B	1.53B	1.39B	1.25B
Total Debt+	1.36B	1.14B	964.8M	940.9M	1.25B	1.01B	931.6M	713.7M	625.3M	464.6M
Net Debt	1.35B	1.13B	900.5M	871.4M	1.17B	955.9M	751.7M	688.5M	572.4M	435.4M
Debt / Equity	3.20x	2.57x	1.85x	2.04x	5.12x	11.92x	6.81x	4.13x	5.23x	9.31x
Debt / EBITDA	2.89x	2.34x	2.15x	2.31x	3.76x	3.83x	3.77x	2.95x	2.75x	2.02x
Net Debt / EBITDA	2.86x	2.32x	2.01x	2.14x	3.53x	3.62x	3.04x	2.85x	2.51x	1.90x
Interest Coverage	1.64x	2.71x	3.03x	2.62x	1.37x	1.20x	1.51x	2.07x	1.41x	1.97x
Total Equity+	423.9M	441.5M	522.4M	460.2M	244.3M	84.8M	136.8M	172.9M	119.5M	49.9M
Equity Growth %	-0.63%	0.04%	0.18%	-0.12%	-0.47%	-0.65%	0.61%	0.26%	-0.31%	-0.58%
Book Value per Share	8.85	8.87	10.08	8.92	4.89	1.68	2.58	3.29	2.47	1.05
Total Shareholders' Equity	423.9M	441.5M	522.4M	442.5M	226.6M	84.1M	136.8M	172.9M	119.5M	49.9M
Common Stock	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M
Retained Earnings	-188.1M	-206.4M	-162.9M	-211.4M	-423.5M	-566M	-527.8M	-518.5M	-573.9M	-635.1M
Treasury Stock	-193.6M	-113.3M	-52.8M	-56.6M	-31.5M	-13.1M	-14.9M	-23.5M	-33.1M	-28M
Accumulated OCI	-152.5M	-152.6M	-124.4M	-152.2M	-167.2M	-171.3M	-161.2M	-128.3M	-117.6M	-131.2M
Minority Interest	0	0	0	17.7M	17.7M	700K	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	348.1M	352.5M	344M	260.6M	155.5M	190.2M	136.5M	154.6M	147.6M	112.9M
Operating CF Margin %	0.07%	0.08%	0.08%	0.06%	0.04%	0.06%	0.05%	0.05%	0.05%	0.04%
Operating CF Growth %	0.19%	0.01%	-0.02%	-0.24%	-0.4%	0.22%	-0.28%	0.13%	-0.05%	-0.24%
Net Income	-641.9M	44.9M	107.2M	7.9M	-156.3M	-128.3M	37.8M	9.3M	-55.4M	-50.9M
Depreciation & Amortization	325.3M	277.1M	232.5M	230.7M	223.1M	184.2M	157.3M	141.3M	128.8M	102.5M
Stock-Based Compensation	7.2M	15.2M	16.4M	15.6M	13.6M	10.6M	6.2M	6M	5.6M	7.3M
Deferred Taxes	-292.5M	-26.6M	-22.5M	-14.5M	-57.1M	0	5.3M	2.4M	-3.7M	-2M
Other Non-Cash Items	916.2M	16.3M	14.7M	15.2M	128.7M	32.4M	-46.8M	25.2M	16.3M	49.9M
Working Capital Changes	33.8M	25.6M	-4.3M	5.7M	3.5M	91.3M	-23.3M	-29.6M	56M	6.1M
Change in Receivables	109.6M	84.8M	8.7M	49.4M	57.1M	72.8M	12.7M	-18.6M	65M	14.8M
Change in Inventory	24.6M	12.7M	13.1M	-54.3M	61.3M	45.8M	-58.3M	-41.1M	90.3M	2.4M
Change in Payables	-60.5M	-16.1M	9.9M	24.9M	-96.1M	0	0	0	-106.7M	7.2M
Cash from Investing+	-216.7M	-84.4M	-37.3M	-120.5M	-208.1M	9.7M	129.4M	-60.5M	-46.4M	12.7M
Capital Expenditures	-133M	-106.1M	-85.9M	-96.3M	-111M	-61M	-50M	-60.3M	-70.8M	-57.2M
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	17.7M	4.4M	34.5M	47.2M	12.8M	72.9M	141.1M	5.7M	25.9M	51.8M
Cash from Financing+	-127.9M	-269.3M	-251.7M	-133.5M	61.8M	-223.6M	-140.9M	-248.7M	-73.6M	-149.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-62.3M	-61.1M	-62.5M	-62.9M	-57.1M	-9.5M	-1.4M	-1.4M	-100K	-9.4M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.3M	-1.8M	-12.4M	-9M	-32.1M	-27.7M	-17.5M	-3.1M	-2.3M	-4.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	215.1M	246.4M	258.1M	164.3M	44.5M	129.2M	86.5M	94.3M	76.8M	55.7M
FCF Margin %	0.05%	0.06%	0.06%	0.04%	0.01%	0.04%	0.03%	0.03%	0.03%	0.02%
FCF Growth %	0.4%	0.15%	0.05%	-0.36%	-0.73%	1.9%	-0.33%	0.09%	-0.19%	-0.27%
FCF per Share	4.49	4.95	4.98	3.18	0.89	2.55	1.63	1.80	1.59	1.17
FCF Conversion (FCF/Net Income)	-0.54x	7.85x	3.21x	30.66x	-2.81x	-1.48x	3.61x	16.62x	-2.66x	-2.22x
Interest Paid	0	0	0	0	0	52.3M	41.8M	44M	55.9M	0
Taxes Paid	0	0	0	0	0	0	4.3M	6.2M	12.2M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-81.44%	10.38%	22.24%	1.73%	-15.73%	-77.97%	34.12%	6.01%	-37.89%	-60.09%
Return on Invested Capital (ROIC)	4.99%	9.39%	10.82%	10.47%	6.71%	5.02%	7.01%	8.61%	9.54%	16.2%
Gross Margin	12.87%	15.4%	15.7%	13.19%	13.39%	14.21%	14.06%	14.31%	15.24%	17.99%
Net Margin	-13.72%	1.04%	2.59%	0.2%	-1.41%	-4.38%	1.28%	0.29%	-1.87%	-1.9%
Debt / Equity	3.20x	2.57x	1.85x	2.04x	5.12x	11.92x	6.81x	4.13x	5.23x	9.31x
Interest Coverage	1.64x	2.71x	3.03x	2.62x	1.37x	1.20x	1.51x	2.07x	1.41x	1.97x
FCF Conversion	-0.54x	7.85x	3.21x	30.66x	-2.81x	-1.48x	3.61x	16.62x	-2.66x	-2.22x
Revenue Growth	-3.8%	-7.44%	-4.58%	1.51%	-6.45%	-25.33%	1.05%	8.67%	-8.06%	-9.65%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Products	-	-	-	-	-	-	-	-	2.33B	2.1B
Total Products Growth	-	-	-	-	-	-	-	-	-	-10.06%
Direct Mail And Other Printed Products	-	-	-	-	-	-	-	-	673.4M	609.5M
Direct Mail And Other Printed Products Growth	-	-	-	-	-	-	-	-	-	-9.49%
Logistic Services	-	-	-	-	-	-	-	-	270.5M	264.1M
Logistic Services Growth	-	-	-	-	-	-	-	-	-	-2.37%
Other Revenues	-	-	-	-	-	-	-	-	8.5M	10.4M
Other Revenues Growth	-	-	-	-	-	-	-	-	-	22.35%
Product	-	-	-	-	-	2.23B	2.25B	2.53B	-	-
Product Growth	-	-	-	-	-	-	0.83%	12.51%	-	-
Service	-	-	-	-	-	700.9M	713.3M	688.7M	-	-
Service Growth	-	-	-	-	-	-	1.77%	-3.45%	-	-
United States Print and Related Services	-	-	-	3.81B	3.52B	-	-	-	-	-
United States Print and Related Services Growth	-	-	-	-	-7.50%	-	-	-	-	-
Operatings	-	-	-	801.4M	825.1M	-	-	-	-	-
Operatings Growth	-	-	-	-	2.96%	-	-	-	-	-
International	-	-	-	387.1M	402.4M	-	-	-	-	-
International Growth	-	-	-	-	3.95%	-	-	-	-	-
Catalog, magazines, retail inserts, books and directories	3.32B	2.98B	2.82B	-	-	-	-	-	-	-
Catalog, magazines, retail inserts, books and directories Growth	-	-10.13%	-5.33%	-	-	-	-	-	-	-
Direct Mail and Other Printed Products	650.4M	676.9M	646.8M	-	-	-	-	-	-	-
Direct Mail and Other Printed Products Growth	-	4.07%	-4.45%	-	-	-	-	-	-	-
Logistics Services	453.7M	427.3M	418.1M	-	-	-	-	-	-	-
Logistics Services Growth	-	-5.82%	-2.15%	-	-	-	-	-	-	-
Imaging and Other Services	193.7M	185.1M	184.3M	-	-	-	-	-	-	-
Imaging and Other Services Growth	-	-4.44%	-0.43%	-	-	-	-	-	-	-
Other Products	59.9M	56.6M	57.5M	-	-	-	-	-	-	-
Other Products Growth	-	-5.51%	1.59%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
International	-	-	-	-	-	-	-	-	403.4M	342.7M
International Growth	-	-	-	-	-	-	-	-	-	-15.05%
UNITED STATES	-	-	-	782.8M	807.7M	683.6M	692.8M	668.1M	-	-
UNITED STATES Growth	-	-	-	-	3.18%	-15.36%	1.35%	-3.57%	-	-
Europe	-	-	-	18.6M	17.4M	17.3M	20.5M	20.6M	-	-
Europe Growth	-	-	-	-	-6.45%	-0.57%	18.50%	0.49%	-	-
Latin America	219.1M	217.4M	209.3M	-	-	-	-	-	-	-
Latin America Growth	-	-0.78%	-3.73%	-	-	-	-	-	-	-
Other Geographic Regions	25.9M	30.8M	30.9M	-	-	-	-	-	-	-
Other Geographic Regions Growth	-	18.92%	0.32%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Quad/Graphics, Inc. (QUAD) reported $2.50B in revenue for fiscal year 2024. This represents a 42% decrease from $4.32B in 2011.

Quad/Graphics, Inc. (QUAD) saw revenue decline by 9.7% over the past year.

Yes, Quad/Graphics, Inc. (QUAD) is profitable, generating $20.6M in net income for fiscal year 2024 (-1.9% net margin).

Dividend & Returns

Yes, Quad/Graphics, Inc. (QUAD) pays a dividend with a yield of 3.08%. This makes it attractive for income-focused investors.

Quad/Graphics, Inc. (QUAD) has a return on equity (ROE) of -60.1%. Negative ROE indicates the company is unprofitable.

Quad/Graphics, Inc. (QUAD) generated $60.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.